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Property profile & analytics
OFF-MARKET Estimated value $4,810,000
Apartment buildings

4650 Hedges Dr Memphis, TN 38128-1387

26,865 SF 36.87 ac lot Built 2001
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1263337
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2001
Construction FRAME
Total area 26,865 SF
Lot 36.87 ac (1,606,231 SF)
Zoning code RU-2
APN 090-022- - -00004
UPID US80-1263337
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.81M
Owner & transaction history
Capstone Greenview LLC · 3 yrs held
Capstone Greenview LLC
since 2022
Last sale
$6.1M
7 recorded transactions
2022
$6.1M
2017
$5.4M
2017
$9.2M
2010
$3.0M
2000
$300,021
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 2
General category RESIDENTIAL
Zone area 3,507.99 ac
Source CHAPTER 1
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